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Re: CBUs to cost less, as import duties reduced
Looks like someone is not happy with the recent changes. Looks like these issues are going to have some serious repercussions on some industries.
He added the US wants fair and reciprocal trade deals. "When they (Harley Davidson) send a motorcycle to India, as an example, they have to pay 100 per cent tax -- 100 per cent," Trump said in his remarks to a gathering of governors of all the states at the White House.
Source: ET
Looks like someone is not happy with the recent changes. Looks like these issues are going to have some serious repercussions on some industries.
WASHINGTON: President Donald Trump today once again raked up the issue of high import duty on Harley-Davidson motorcycles by India, saying the US was "getting nothing" with the New Delhi's recent announcement that it had slashed customs duty on imported motorcycles from high-end brands to 50 per cent.
He added the US wants fair and reciprocal trade deals. "When they (Harley Davidson) send a motorcycle to India, as an example, they have to pay 100 per cent tax -- 100 per cent," Trump said in his remarks to a gathering of governors of all the states at the White House.
"Now, the prime minister, who I think is a fantastic man, called me the other day and said we are lowering it to 50 per cent. I said okay, but so far we're getting nothing. So we get nothing. He gets 50 (per cent), and they think we're doing -- like they're doing us a favour. That's not a favour," he said.
"I wasn't sure -- he said it so beautifully. He's a beautiful man. And he said, 'I just want to inform you that we have reduced it to 75, but we have further reduced it to 50'. ..
"I wasn't sure -- he said it so beautifully. He's a beautiful man. And he said, 'I just want to inform you that we have reduced it to 75, but we have further reduced it to 50'. ..
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